GST collection worries misplaced: UBS report

With the ongoing correction in the markets indicating a possible investor uneasiness over the shortfall in goods and services tax (GST) revenue, a foreign brokerage on Thursday said such concerns are premature and full-year tax collections could still be in line with the budgeted target. “Our calculations of potential monthly GST revenue in FY18, assuming 8% year-on-year growth and seasonality of…